Until you decide and target niche markets online, you will be spinning your wheels not earning a great deal of cash.
The challenge though is knowing the exact steps required to properly find, analyze, evaluate and select a winning niche market as well as a niche focus or niche topic that will attract traffic and profit your way.Â
Over the last 5-years we have expanded our initial online niche market targeting writers and infoproduct publishers into 4 additional niche markets, dominating each one with a variety of products and services that feed us continual profits.
Not one of the these niche markets failed to bring in substantial profits through our various sites…so how did we find niche markets that worked for our online business?
SYSTEM FOR FINDING Â NICHE MARKETS THAT PRODUCE PROFITS
After ucnovering and operating multiple online busineses in 4 niches (and counting) – our process looks like this:
1. We start with a topic related to an interest, experience or passion we have (my first two sites leveraged my own interests, next two were done with partners around their interests). Ideally you start with 6-8 potential niches (music, gaming, personal battle with weight loss, anxiety, stress, relationship challenges you have overcome, etc…)
2. You want to then narrow that list to one (to start with) by looking at a combination of search demand, competition and commercial potential
 – Search demand simply means keyword research and making sure that you find enough keywords to provide several thousand (at least) searches each month
 – Competition – here you look at sites ranked in the top 10 for your keywords, now this gets a little technical, but you want to look at age of domain, keyword targeting, size of site, etc…to see if you can break into the top listings
 – Want to know your options for monetization, are others spending money on ads (if they are, chances are they are making money), what are they selling? What commissions can you earn or price can you set for your own product?Â
By far, this is the most important, most technical and tricky part of the process of finding and evaluating niche markets – we go through detailed training on the steps, tools and techniques you can use to master this step inside InfoMarketer’sZone.
3. Build a site (I prefer blogs) structuring them around content and monetization – generate your content, do some basic backlinking and watch your profits grow.
Steps 1 and 2 must be done correctly in order to pick a niche market and niche topic that is automatically appealing to your site visitors while step #3 demands daily, consistent action.Â
When combined, these 3 steps form that basis for 6 and 7-figure online business empires. Following this process means you are setting the best foundation for continual, unlimited, upward growth in profits over the coming months.
